Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $ $44,000,000$ in cash $.$ The book values and fair values of Iceberg's assets and liabilities were as follows: Current assets Property $,$ plant, and equipment Other assets Current liabilities Long$-$term liabilities Book Value $16,000,00030,800,0005,200,0009,600,00016,400,000$ Fair Value $19,000,00036,800,0006,200,0009,600,00015,400,000$ Required: Calculate the amount paid for goodwill. $($Enter your answer in millions $($i$.$e$.5,000,000$ should be entered as $5).)$Exercise $7-6($Algo$)$ Calculate the amount of goodwill $($LO$7-2)$

Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $$44,000,000$ in cash.

The book values and fair values of Iceberg's assets and liabilities were as follows:

Required:

Calculate the amount paid for goodwill. $($Enter your answer in millions $($i$.$e$.5,000,000$ should be entered as $5).)$